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IPO Details

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Allotment of bids

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Listing on exchange

Initial public offering of up to 1,00,20,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Patel Retail Limited (The Company or the Issuer) for cash at a price of Rs. [] per equity share (including a securities premium of Rs. [] per equity share) (Offer Price) aggregating up to Rs. [] crores (The Offer). The offer comprises of a fresh issue of up to 90,18,000 equity shares by the company aggregating up to Rs. [] crores (the Fresh Issue) and an offer for sale of up to 10,02,000 equity shares (the Offered Shares) aggregating up to Rs. [] crores (the Offer for Sale), comprising up to 7,68,000 equity shares aggregating up to Rs. [] crores by Dhanji Raghavji Patel, and up to 2,34, 000 equity shares aggregating up to Rs. [] crores by Bechar Raghavji Patel (together, Promoter Selling Shareholders). The offer includes a reservation of up to 51,000 equity shares, aggregating up to Rs. [] crores (constituting up to []% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [] % and [] %, respectively, of the post-offer paid-up equity share capital of the company. The company may, in consultation with the book running lead manager (brlm), offer a discount of up to Rs. [] on the offer price to eligible employees bidding in the employee reservation portion (Employee Discount). The price band, employee discount and the minimum bid lot shall be decided by the company.

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Here are the steps to apply for Patel Retail Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

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